Captured Technology

Web.com reported their earnings for the third quarter this month and provided information about the registration business. David L Brown of Web.com reported that the increase in domain names has led to a reduction in the amount of income they were able to generate. Overall registrations have declined at the same time. Non-domain name registration services have also been hurt as companies offering package deals at rock-bottom prices. Web.com took aggressive steps to support its share price after their earnings report by starting a $100 million stock buy back plan. That plan will purchase 12% of the company’s outstanding stock.